Sallie Mae SLM, formally SLM Corporation, today announced that it
has sold the residual interest in its SLM Student Loan Trust 2007-4
securitization to a third party. Sallie Mae will continue to service the
student loans in the trust under existing agreements. The sale will remove
student loan assets of $3.8 billion and related liabilities of $3.7 billion
from Sallie Mae's balance sheet. The gain from the transaction will add $.08
to Sallie Mae's 2013 GAAP and core earnings per share.
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